Landlord Legal Protection Insurance
What is legal protection insurance for landlords? Legal protection insurance for landlords is a special insurance that supports landlords in legal disputes concerning their properties. It covers the costs of lawyers, court proceedings, expert witnesses or mediation that may arise, for example, from rental disputes, neighbour disputes or contract disputes.
Advantages:
- Cost protection: lawyers' and court fees are covered, reducing the financial burden.
- Legal support: access to professional advice and representation, even in complex cases such as rent defaulters or eviction proceedings.
- Risk minimisation: protection against high litigation costs, especially in lengthy disputes.
- Flexibility: often includes legal advice by telephone for quick clarification of questions.
Disadvantages:
- Waiting periods: some policies have waiting periods (e.g. 3 months) before benefits apply.
- Limited cover: not all disputes (e.g. tax disputes or intentional violations) are covered.
- Deductible: you may have to bear some costs yourself in certain cases. However, a deductible of €150 – €300 per dispute is within the usual range.
- Potentially high costs: as the premium is based on the annual gross rent, it can be correspondingly high for larger properties.
Special offer:
As a specialised insurance broker, we have negotiated special terms with several insurers, so that we can currently offer landlord legal protection at a flat rate per residential unit.
This flat rate is currently €132 per year.
Contact us today for tailored advice and an individual quote!